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Chilean industrial production fell the most since 1999 in January as durable goods, textiles and metal manufacturing plunged, raising concern the economy will shrink in the first half of the year.
Output declined 8.9 percent in January from the same month a year earlier, the National Statistics Institute said today in statement distributed in […]
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GEORGE FREY
FRANKFURT–German chemicals company BASF SE said Thursday it fell to a loss in the fourth quarter as demand for its paints, glues and fertilizers was hit by the global economic crisis.
Ludwigshafen-based BASF reported a net loss of euro313 million ($400 million) for the October-December period, compared with a profit of euro793 million […]
The McGuinty government says it will create 50,000 jobs over three years if its proposed Green Energy Act is passed – even calling it a conservative estimate – but industry observers aren’t so sure the numbers add up.
During a media briefing Monday, officials from the energy ministry said two of every five new jobs would […]
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French consumer spending rebounded more than expected in January, as waning confidence prompted more shoppers to seek discounts in the country’s annual sales period.
Spending on manufactured goods in January gained 1.8 percent, more than the 0.3 percent increase expected by 19 economists surveyed by Bloomberg. The gauge of consumer sentiment this month fell […]
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Hyundai Motor Co. will launch an addition to its popular incentive program under which the South Korean automaker allows consumers who have lost their jobs to return newly purchased cars.
Under the new program, dubbed "Assurance Plus," Hyundai will offer to cover three months of car payments while the buyer looks for a new job, […]
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International banks such as Citigroup and Royal Bank of Scotland will see new competition in China as Taiwanese banks enter the market, leveraging their cultural ties and links to local firms.
The Taiwanese could quickly reap profits in their giant neighbor this year, helping underpin their battered shares over the coming months, and at the […]
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The $787 billion stimulus package passed Friday by Congress includes a little something for almost everybody.
But will it be enough to get people spending again?
That’s the question that will play out over the next few months as the giant bundle of aid, tax cuts and direct government spending filters out into the […]
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President Barack Obama said Wednesday he remains committed to giving ailing automakers "serious help" in the future, but only if they can produce a viable plan to transform the industry, The Detroit Free Press reported.
In an interview with regional reporters, Obama said that if the automakers are realistic, more government help could be in […]
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Gas prices jumped 6 cents over the past two weeks to a national average of $1.92 a gallon, according to a survey published Sunday.
That price is more than a dollar less than the price at the same time last year, said Trilby Lundberg, publisher of the Lundberg Survey. The average cost of a gallon […]
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The number of Americans filing for first-time unemployment benefits surged last week to a level not seen since October 1982, according to a government report released Thursday.
The number of initial jobless claims jumped to a much-higher-than-expected 626,000 in the week ended Jan, 31, according to the Labor Department. That’s up from a revised 591,000 […]
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